CHINA RESPONDED to the most recent round of tariffs from President Donald Trump by announcing retaliatory tariff action against $60 billion of U.S. goods. / BLOOMBERG NEWS FILE PHOTO/OILAI SHEN
NEW YORK - China announced it will take retaliatory tariff action against $60 billion of U.S. goods, sharply escalating the trade war as the Trump administration considers imposing duties on virtually all Chinese imports. China’s retaliatory tariffs, ranging from 5 percent to 10 percent on more than 5,000 items, will take effect on Sept. 24, China’s…